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Sri Lanka Equity Forum » Stock Market Talk » 'Key to staying in the trading game for Day Traders

'Key to staying in the trading game for Day Traders

Go down  Message [Page 1 of 1]

Asoka Samarakone


Expert
Expert
Key to staying in the trading game for Day Traders 

For beginners 
Opportunities will come and go. you can win even in a losing market if act wisely.
Once you have entered the online platform Recognize the Trends.Understand how the trend works. 
Once you have found a clear upward  or downward trend, make your investment. If the Asset shows an upwards  trend, invest when this asset will rise within the next few seconds. The same applies to downward trends, you will invest when the asset will decrease . Regardless of whether an asset has an upword or  downward trend, you will be able to invest in both cases.it's normal to sustain losses in some of the trades that you make. However, the strategy of "follow the trend" will allow you to have more wins than losses. If the trend is no longer  the same, choose another asset.
if you have doubts of the trend,  do not operate that asset and look for another. 
Follow the trend will allow you to have more  wins than losses, which will lead to positive results on your account.
The secret of successful trading is good risk management, discipline, and the ability to control your emotions. Anyone can guess right and win every once in a while, but without risk management it is virtually impossible to remain profitable over time. 
Good luck. Safe Trading 

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